: 367
2 4 8 64 71 81 82 83 84 86 87 88 89 167 172 173
M.B.E.* * * * / / M.B.E. 1022 Butterfield Fulcrum Group (Bermuda) Limited Rosebank Centre, 11 Bermudiana Road, Pembroke, HM 08, Bermuda 2826 2
Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 1825 (852) 2522 2013 (852) 2810 6213 chuangs@chuangs.com.hk www.chuangs-consortium.com 629144 245 5025034 29 Room 704, 7th Floor, Capital Place Building, 6 Thai Van Lung Street, District 1, Ho Chi Minh City, Vietnam 4th Floor, Western Section, The Landmark Tower, Chinggis Avenue 13, Sukhbaatar District 1, 14251 Ulaanbaatar, Mongolia 367 3
59 Chuang s China Investments Limited Midas International Holdings Limited 62 55 CNT Group Limited 31 55 42 M.B.E.FCCA (U.K.) ACA (England and Wales)FCPA (Australia)CPA (Singapore) FCPA (H.K.)89 66 4
5 63 44 43 32 35 50 65 25 45 32
6
7
1,702,600,000 /296,000,000 1,175,000,000 789,700,00051.2 18%5,395,100,000 3.42 33.4% 14.3% 66.7% 5 1,702,600,000 1,546,000,000 156,600,000 341,800,000 137,100,000126,700,000 7,600,000 78,100,000 86,100,0003,400,000 6,300,000 382,800,000 560,900,000 11.5% 161,000,000182,000,000 49,800,00074,900,000 7 503,700,000 488,200,000 1,026,700,000 37,500,00052,800,000 227,200,000 8
205,900,000 Midas International Holdings Limited 46,800,00036,900,000 30,800,000 24,400,000 64,700,00014,700,000 789,700,000 915,700,00051.2 60.5 0.25 1.8 1.0 5.03.0 66.7%78,500,000 45,800,000 3.22.0 (A) 9
10
(i) 1,338,000,000 37B CD208,000,000 503,700,000 56,300,000 790,000,000 Chuang s China Investments Limited 11
37 (a)(b) (c)(d)37a(e) 15 350,000 117,600,000 7.6% 12
13
15 (ii) (a) 15 14
(b) 111 2410198 1 981,602 296,000,000 48,000,000 6,820 15
Parkes Residence (c) 91 105 Parkes Residence 93 105 91 5,536 (d) 30 50%50% 10,000 36,00040,200 16
(B) (i) 380,000 17,900,00013.3% 17
(ii) (a) 70% 20,300 94,000 18
(b) 70% (iii) 19,700 19
The Edelweiss Residence (iv) (a) The Edelweiss Residence 53% 5,600 41,000 20,000 20
Chuang s Tower (b) Chinggis Avenue, Chuang s Tower 3,272 37,675 21
22
(C) 57% (i) 526,000,000 790,000,000 23
Guangzhou South Station Dongguan Station Pearl River Delta (PRD) Rapid Transit System (RTS) Guangzhou-Shenzhen- Hong Kong Express Rail Link Humen Station Longhua Station SHENZHEN Huanggang Station Futian Station HONG KONG West Kowloon Station 24
25
100% 450,000 63,200 386,800 820 1 54 23 20 50 215,000 450,000 1 26
2 1. 2. 3. 3 27
1. 2. B 1 28
/ / 59,800 28,159 176,900,000 31,641 293,700,000 ABC 197,500 DE 46,467 374,700,000 2,133 21,000,000 FGHIMN 88,900 954,000,000 JKLP 60,000 900,000,000 257,300 74,626 551,600,000 182,674 1,268,700,000 900,000,000 413,684,000 2 29
1 2 30
AC59,800 3,400254350 93202343 208 1. 2. B 3. C 3 31
DE48,60043290 125DE 8,000 1 32
2 2 2 1. DE 2. 33
1. / 2. / 1 34
2 FGHIMNFGHI MN FGHIMN 88,900JKLP22 60,000JKLP 158,300 QWX14 QX 2,000,000,000 35
...
... VIP
42 100% 191,800 530,000 530,000 96,500433,500 660 18 10 3 1
1. 2. 3. 1 2 3 43
/ / 89,000 51,100 251,635,000 37,900 244,100,000 1 8 60,000 60,000 451,000,000 9 14 149,000 51,100 251,635,000 97,900 244,100,000 451,000,000 43,369,000 1. 2. 3. 18 44 1
2 889,0007,500 1846658016027 2803445 3965,000 269 91460,000 1555360,000 3,800,000,000 3 45
1. 2. / 1 2 46
17,5005,800 HomeMark 4,2007,500 2 1 47
48
49
100% 100% 190,000 1,000 192,000,000 136,000,000 526,000,000 340,000,000 10,500,000 52
53 54% 80,200 200 172 144 70,000 72% 19,300 164,000,000 10,200 5,400 32,000,000 95,948 80,200 Beverly Hills
54 100% 11,000 110,000 10 90,000 20,000 110,000 400
55 1 10 390,000 400 39,500 390,000 100%
59.5% 27,574 4,800 18,000 300.3 84 Xiamen Mingjia Binhai 27,574 18,000 56
51% Chuang s Le Printemps 30,000 46 57
58
59
(ii) 156,500,000 C 2,850,000,000 1,175,000,000 526,000,000192,000,000 180,000 1,675,000,000 60
(D) (i) Midas International Holdings Limited 44.6% 2%293,600,000 73,900,000 107,000,000 61
(ii) (1988) 9.3% 78,100,000 14,500,000 11,100,000 (iii) 3,400,000 127,100,000 5,395,100,0003.42 1,788,900,000 1,001,500,000 2,562,600,0002,529,700,000 14.3% 33.4% 82.5% 17.5% 86.1% 6.0%7.9% 6.3%23.8% 27.5% 42.4% 62
822 63
(A) (i) * * * * 64
(A) (ii) (iii) / 4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 2/4 (iv) 65
(A) (iv) / * 1/1 1/1 1/1 * (v) (vi) (vii) (viii) 3.13 66
(B) (i) (ii) 100,000 (iii) / * 1/1 1/1 1/1 * 67
(C) (i) (ii) (iii) / * 2/2 2/2 1/2 * 68
(C) (iv) 2,150 920 3,070 (D) (i) (ii) (E) (i) E.1.2. 2010 2010 (ii) (iii) 13.39(4) 13.39(5) 69
Chuang s Consortium International Limited 70
43 6 82 3.22.0 0.25 1.81.0 5.03.078,500,00045,800,000 43 16 33 4,750,000 71
34 167171 172 87(2) 72
78 (a) 824,123,587 1 52.26 257,013,986 2 16.30 1,064,158 0.067 119,602 0.008 829,812 0.05 1 Evergain Holdings LimitedEvergain638,502,676 185,620,911 Evergain 2 Hilltop Assets Limited71,393,075 185,620,911 73
(b) Chuang s China Investments Limited 868,975,218 36 57.04 2,000,000 0.13 12,838 0.001 4,231 0.0003 (c) Midas International Holdings Limited 739,008,270 46 66.96 15,000 0.001 (d) Treasure Auctioneer International LimitedTreasure 800,000 56 80.0 3 Profit Stability Investments Limited 4 492,278,947 41,729,323 205,000,000 Gold Throne Finance Limited 5 550,000Treasure 250,000Treasure 6 74
7 8 8.10 CNT Group Limited / 75
23 Evergain 638,502,676 40.49 1 638,502,676 2 40.49 186,344,135 3 11.82 186,344,135 4 11.82 Third Avenue Management LLC 122,116,000 7.74 1 1 2 1 3 185,620,911 723,224 4 185,620,9113723,224 23 76
35 4,870,042,000 5,134,644,000 / 18%38% 30% 5% 9 77
(i) 1. 2. 3. 132,800,615 8.42% 4. 1% 5. 6. 28 1.00 7. (i) (ii) (iii) 8. 78
(ii) 1. 2. 3. 102,443,969 6.73% 4. 1% 5. 6. 28 1.00 7. (i) (ii) (iii) 8. 79
Chuang s Consortium International Limited 80
CHUANG S CONSORTIUM INTERNATIONAL LIMITED 82166Chuang s Consortium International Limited 90 81
5 382,785 560,887 (221,774) (378,887) 161,011 182,000 7 49,807 74,889 503,742 (37,505) (52,750) (227,181) (205,863) 488,181 1,026,695 8 938,055 1,024,971 10 (46,772) (36,859) 21 (30,814) (24,443) 22(b) (214) (17) 860,255 963,652 12 (64,662) (14,672) 795,593 948,980 13 789,686 915,684 5,907 33,296 795,593 948,980 14 78,468 45,758 15 51.20 60.45 89166 82
795,593 948,980 60,417 45,306 344 10,397 7,604 40,760 2,000 68,365 98,463 863,958 1,047,443 837,229 985,907 26,729 61,536 863,958 1,047,443 89166 83
16 88,309 82,765 84,659 17 4,265,957 4,315,360 3,084,207 18 13,748 12,979 18,622 / 19 404,402 70,521 547,790 21 218,309 241,269 278,835 22(b) 22(c) 56,287 52,190 23 86,627 74,978 31,892 24 68,865 72,372 56,071 32 14,237 5,202,504 4,936,671 4,102,076 25 2,052,848 1,882,619 1,601,837 26 74,682 79,017 96,422 27 962,137 348,742 287,281 260 298 29 127,080 46,688 6,279 31 125,004 30 1,536,803 954,772 1,181,285 4,878,554 3,312,098 3,173,402 17 17,160 320,000 4,895,714 3,632,098 3,173,402 31 850,208 326,668 209,214 35 22,133 87,011 35 162,063 1,171,663 1,209,831 135,234 85,010 67,734 1,147,505 1,605,474 1,573,790 3,748,209 2,026,624 1,599,612 8,950,713 6,963,295 5,701,688 84
33 394,218 382,183 377,647 34 4,950,388 4,161,160 3,212,782 34 50,460 30,575 7,553 5,395,066 4,573,918 3,597,982 952,616 859,379 816,637 6,347,682 5,433,297 4,414,619 35 2,400,552 1,335,887 1,064,711 32 2,566 1,442 1,442 36 189,759 182,531 184,732 37 10,154 10,138 36,184 2,603,031 1,529,998 1,287,069 8,950,713 6,963,295 5,701,688 89166 85
16 86 160 20 888,708 888,708 28 56,225 56,225 945,019 945,093 27 865 178 28 180,000 28 349,729 886,670 30 1,272,851 619,792 1,803,445 1,506,640 31 2,285 2,014 28 304,494 306,779 2,014 1,496,666 1,504,626 2,441,685 2,449,719 33 394,218 382,183 34 1,997,007 2,036,961 34 50,460 30,575 2,441,685 2,449,719 89166 86
40(a) (780,423) (206,648) (53,122) (58,179) (10,265) (6,032) (843,810) (270,859) (22,625) (3,967) (110,846) (11,103) (5,918) (2,326) 2,859 28,177 1,514,160 2,372 41,588 (16,446) / (347) 18,576 (60,000) (4,311) (52,207) 20,079 105,218 / (5,009) 344,551 7,941 9,712 65 50 1,440,008 360,235 566,000 477,171 (553,277) (334,975) 364 (1,264) (16,081) (9,971) / (2,994) 130,961 593,204 220,337 929,037 707,649 7,763 1,051 40(b) 1,530,004 929,037 89166 87
377,647 1,036,515 2,007,025 3,421,187 814,741 4,235,928 2(a) (466) 177,261 176,795 1,896 178,691 377,647 1,036,049 2,184,286 3,597,982 816,637 4,414,619 915,684 915,684 33,296 948,980 35,436 35,436 9,870 45,306 (2,170) 12,567 10,397 10,397 22,390 22,390 18,370 40,760 2,000 2,000 2,000 57,656 928,251 985,907 61,536 1,047,443 4,536 8,229 (22,736) (9,971) (9,971) 28,789 28,789 (47,583) (47,583) 382,183 1,101,934 3,089,801 4,573,918 859,379 5,433,297 382,183 1,101,988 2,796,584 4,280,755 850,262 5,131,017 2(a) (54) 293,217 293,163 9,117 302,280 382,183 1,101,934 3,089,801 4,573,918 859,379 5,433,297 789,686 789,686 5,907 795,593 41,702 41,702 18,715 60,417 344 344 344 5,497 5,497 2,107 7,604 47,543 789,686 837,229 26,729 863,958 12,035 30,467 (58,583) (16,081) (16,081) 66,508 66,508 394,218 1,179,944 3,820,904 5,395,066 952,616 6,347,682 89166 88
1 Chuang s Consortium International Limited Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda1825 2 (a) 4 7 17 27 32 36 39 1 1 2 3 8 5 17 5 89
2 (a) 12 17 2735 12 17 17 / 2 17 17 2 / 90
2 (a) 27 3 27 3 273 5 5 55 5 /5 91
2 (a) 12 12 12 12 12 41,374 123,177 (47,964) / (6,590) 123,177 (10,934) 115,956 4,344 7,221 (6,590) 123,177 / (0.71) 7.65 92
2 (a) 12 5 12 5 12 5 / (113) (113) (1,092) (1,092) (1,469) (1,469) 973,280 973,280 1,038,000 1,038,000 (973,280) (973,280) (1,038,000) (1,038,000) (296,070) (296,070) (303,372) (303,372) (180,160) (180,160) (296,070) (296,070) (303,372) (973,280) (1,276,652) (180,160) (1,038,000) (1,218,160) 295,957 295,957 302,280 302,280 178,691 178,691 282,283 282,283 293,217 293,217 177,261 177,261 213 213 (54) (54) (466) (466) 13,461 13,461 9,117 9,117 1,896 1,896 295,957 295,957 302,280 302,280 178,691 178,691 93
2 (a) 24 1 7 9 14 19 7 (b) 94
2 (c) (d) 95
2 (e) 20%50% (f) 96
2 (f) (g) 97
2 (h) 2% 10%20% 10%20% 10%30% (i) 98
2 (i) / 99
2 (i) (j) (k) / / (l) 2(k) (m) 100
2 (m) 101
2 (n) (o) (p) (q) 102
2 (r) (s) (t) 103
2 (u) (v) (i) (ii) (iii) (iv) (v) (vi) (vii) (w) 104
2 (x) (y) (z) 105
2 (z) (i) (ii) (iii) (aa) (ab) 106
2 (ac) 3 (a) (i) 27 1,310,000,000 785,000,000342,000,000166,000,000 107
3 (a) (i) 39 (ii) 108
3 (a) (ii) 850,208 850,208 202,194 661,421 767,732 1,135,590 2,766,937 10,154 10,154 326,668 326,668 266,954 486,314 1,740,272 185,672 2,679,212 10,138 10,138 2,285 2,285 304,494 304,494 2,014 2,014 1,054,400 109
3 (a) (iii) /0.5% /5,627,000 5,136,000 (iv) (v) /5% 5% 6,354 2,334 2,836 1,846 110
3 (b) 14.3 %33.4% (c) / 7 111
3 (c) 69,633 69,633 16,994 16,994 127,080 127,080 196,713 16,994 213,707 (2,566) (2,566) 64,729 64,729 10,249 10,249 14,237 14,237 46,688 46,688 111,417 24,486 135,903 (1,442) (1,442) 112
3 (c) 113
3 (c) 9,923 9,923 (1,442) 2,326 22,776 25,102 3,814 3,814 (2,000) (2,000) (12,353) (12,353) 10,249 14,237 24,486 (1,442) 5,918 5,918 (1,873) (1,873) (13,700) (13,700) 2,700 2,700 (3,481) (3,481) 1,820 1,820 1,124 1,124 (1,124) 16,994 16,994 (2,566) / (13,700) (13,700) 3,814 3,814 (2,000) (2,000) (2,000) 3,814 1,814 4(b) 114
4 (a) 17 /0.1% /147,000,000166,000,000124,000,000138,000,000 (b) 32 /5% /963,000 926,000959,000971,000 (c) 3(c) 115
4 (d) 39 23 (e) / / (f) / (g) 116
4 (h) (i) (ii) 5 156,622 341,805 137,110 126,681 7,578 78,074 86,136 2,939 6,265 447 15 382,785 560,887 117
6 (a) 301,310 78,074 3,401 382,785 23,050 18,649 8,108 49,807 / 1,054,844 11,097 3,401 (131,287) 938,055 (46,259) (513) (46,772) 187 (34,233) 3,232 (30,814) (214) (214) / 1,008,558 (23,649) 3,401 (128,055) 860,255 (62,788) (1,848) (26) (64,662) / 945,770 (25,497) 3,401 (128,081) 795,593 8,037,785 135,938 127,080 1,522,819 9,823,622 2,474 209,382 6,453 218,309 56,287 56,287 8,096,546 345,320 127,080 1,529,272 10,098,218 3,718,769 11,948 19,819 3,750,536 710,437 3,667 14,374 728,478 4,865 2,539 3,765 11,169 190 335 525 1,666 1,666 814 38 852 1,712 1,712 118
6 (a) 468,486 86,136 6,265 560,887 4,306 1,563 69,020 74,889 / 1,071,825 (13,256) 6,265 (39,863) 1,024,971 (36,238) (614) (7) (36,859) 6,265 (30,725) 17 (24,443) (17) (17) / 1,041,835 (44,595) 6,265 (39,853) 963,652 (14,528) (129) (15) (14,672) / 1,027,307 (44,724) 6,265 (39,868) 948,980 7,141,653 136,107 46,688 950,862 8,275,310 2,338 235,710 3,221 241,269 52,190 52,190 7,196,181 371,817 46,688 954,083 8,568,769 3,103,889 15,863 15,720 3,135,472 499,742 224 641 500,607 5,144 2,016 3,160 10,320 175 310 485 3,741 3,741 2,000 2,000 119
6 (a) 5,912,382 152,030 6,279 925,952 6,996,643 31,950 243,686 3,199 278,835 5,944,332 395,716 6,279 929,151 7,275,478 2,830,494 16,562 13,803 2,860,859 (b) 139,805 142,764 402,254 117,524 158,163 338,964 316,160 379,859 84,817 79,159 10,064 3,224 382,785 560,887 728,478 500,607 4,363,251 4,262,874 3,540,707 6,644,683 5,817,751 4,599,881 207,000 87,380 83,474 2,784,274 2,150,047 2,115,540 476,761 424,830 389,932 669,261 600,971 560,057 5,047,012 4,775,084 4,014,113 10,098,218 8,568,769 7,275,478 120
7 4,119 3,998 5,017 3,845 31,137 413 965 2,130 27,286 499 3,814 32,390 1,712 3,527 3,844 49,807 74,889 121
8 116,717 103,469 8,944 6,883 121,805 275,878 57,065 67,517 11,169 10,320 525 485 7,000 2,000 5,000 852 3,741 1,233 49 6,005 618 13,700 85,835 73,270 9 3,651 3,110 14,102 13,342 39,404 31,834 2,409 2,154 920 650 122
9 10 29,095 48,814 23,546 8,618 513 728 53,154 58,160 / (743) (37) (5,639) (21,264) 46,772 36,859 12,099,000 1.30%5.85%1.16%5.94% 123
11 (a) 30 1,600 2,400 225 4,255 20 600 45 665 20 2,099 696 12 2,827 20 960 12 992 20 1,620 108 1,748 20 1,620 12 1,652 100 100 100 100 100 100 430 8,499 3,096 414 12,439 30 1,600 2,400 225 4,255 20 600 45 665 20 1,788 696 12 2,516 20 960 12 992 20 1,440 108 1,568 20 1,390 12 1,422 100 100 100 100 100 100 430 7,778 3,096 414 11,718 300,000300,000 124
11 (b) 1,944 1,796 133 133 2,077 1,929 12 / 55,000 (83) 35 (5,493) 7,714 8,198 9,194 36 7,040 (2,271) 64,662 14,672 16.5% 30%60% 422,000349,000 125
12 / 860,255 963,652 30,814 24,443 214 17 891,283 988,112 16.5%16.5% 147,062 163,038 (2,269) 263 (73,500) (177,059) 12,186 11,811 (1,353) (1,517) (42,829) (5,762) 21,722 17,316 (4,555) (2,612) 56,464 5,478 8,198 9,194 64,662 14,672 13 8,047,00017,918,000 126
14 1.81.0 28,008 15,183 3.22.0 50,460 30,575 78,468 45,758 3.2 2.050,460,00030,575,00050,460,000 1,576,872,150 15 789,686,000915,684,000 1,542,241,8761,514,662,718 127
16 64,603 34,588 49,888 80,529 229,608 6,718 1,422 1,551 877 10,568 1,481 2,486 3,967 (4,555) (4,466) (35,896) (44,917) 71,321 31,455 48,454 47,996 199,226 5,384 1,553 1,426 805 9,168 1,876 295 4,423 16,031 22,625 (11,532) (11,532) (15,832) (1,442) (6,560) (23,834) 67,049 17,471 52,861 58,272 195,653 13,428 32,715 31,543 67,263 144,949 2,307 1,376 824 711 5,218 1,490 541 4,154 4,135 10,320 (4,555) (3,870) (35,601) (44,026) 17,225 30,077 32,651 36,508 116,461 1,661 1,531 855 596 4,643 1,493 414 4,550 4,712 11,169 (1,824) (1,824) (15,700) (1,389) (6,016) (23,105) 18,555 16,322 36,667 35,800 107,344 48,494 1,149 16,194 22,472 88,309 54,096 1,378 15,803 11,488 82,765 128
16 532 532 372 266 74 106 446 372 86 160 (a) (b) 25,922,000 35 (c) 20,771 28,174 27,723 25,922 48,494 54,096 (d) 1,612,000 1,139,0006,0006,000 9,551,000 9,175,000 129
17 4,315,360 3,084,207 29,277 37,355 124,668 11,103 / 476,000 10,631 (685,000) 488,181 1,026,695 4,283,117 4,635,360 d (17,160) (320,000) 4,265,957 4,315,360 (a) 843,574 759,320 2,996,260 3,491,500 3,839,834 4,250,820 372,983 333,620 70,300 50,920 443,283 384,540 4,283,117 4,635,360 (b) VPC Alliance (KL) Sendirian Berhad (c) 4,173,643,000 4,568,020,000 35 130
17 (d) 56,291,0005,629,000 17,160,000 462,800,000 18 12,979 18,622 1,316 1,853 (525) (485) (22) (11) (7,000) 13,748 12,979 (a) 4,095 3,951 9,653 9,028 13,748 12,979 (b) 9,028,000 35 (c) 149,000145,000376,000340,000 (d) 7,000,000VPC Alliance (KL) Sendirian Berhad 131
19 / 70,521 547,790 1,433 1,228 352,359 107,662 743 37 (476,000) (20,654) (110,196) 404,402 70,521 / 241,402 23,375 241,402 23,375 37,551 29,020 19,410 18,126 106,039 163,000 47,146 404,402 70,521 168,687,000 23,375,000/ 35 /1,666,000 132
20 888,708 888,708 43 21 218,309 241,269 205,907 196,527 75,532 75,532 281,439 272,059 84,180 114,320 241,269 278,835 5 9,380 (29,203) (12,790) (422) (349) 3,472 (4,661) (11,304) 34 344 10,397 32 (1,820) 12,353 (50) (35,878) 218,309 241,269 133
21 44 Midas International Holdings Limited 3,472,000 4,661,000 11,304,000 44.16% 44.61% 144,397 163,985 (29,625) (13,139) 424,347 434,081 (206,038) (192,812) 218,309 241,269 49,500,0001.5 16,700,000 60,000,0001 35,000,000 51,300,000 24 32 41 134
22 (a) Chuang s China Investments Limited 51% 51%52,000414,000 142,445,000137,183,000 11,934,000 11,474,000242,889,000 2,874,000 (b) / / 1 2 50 50 135
22 (b) 50% (214) (17) 173,322 170,820 (173,553) (170,837) (231) (17) 56,518,000 52,207,00022(c)214,00017,000 2,834,000 117,000,000 117,000,000 39 (c) 22(b) 136
23 69,633 64,729 16,994 10,249 86,627 74,978 74,978 31,892 5,918 2,326 (1,873) 7,604 40,760 86,627 74,978 2,000,000 137
24 a 364,006 6,377 21 53,229 54,893 b 11,934 11,474 429,169 72,744 27 a (360,304) (372) 68,865 72,372 (a) 27 (b) 22(a) 25 506,746 476,399 44,141 42,971 1,501,961 1,363,249 2,052,848 1,882,619 138
25 1,363,249 1,454,965 24,813 20,390 208,124 377,875 5,639 21,264 / 20,654 110,196 (109,887) (621,441) (10,631) 1,501,961 1,363,249 155,678 110,196 1,857,587 1,732,997 39,583 39,426 1,897,170 1,772,423 2,052,848 1,882,619 526,872,000487,380,000 35 139
26 1,416 1,685 597 1,157 78,669 82,175 80,682 85,017 (6,000) (6,000) 74,682 79,017 27 32,231 49,520 415,173 29,153 865 178 514,733 270,069 962,137 348,742 865 178 3090 30 21,104 36,848 3160 3,275 6,190 6190 3,069 3,464 90 4,783 3,018 32,231 49,520 20,227,00033,184,000 140
27 12,004,00016,336,000 30 4,484 10,690 3160 75 113 6190 2,662 2,515 90 4,783 3,018 12,004 16,336 416,503,000 204,181,00068,884,00040,429,000 360,304,000372,00024(a) 360,246,000 28 / 236,225 56,225 (180,000) 56,225 56,225 1,759,965 2,296,906 (1,410,236) (1,410,236) 349,729 886,670 (304,494) / 141
29 127,080 46,688 30 409,919 190,995 178,884 1,202 1,126,884 763,777 1,093,967 618,590 1,536,803 954,772 1,272,851 619,792 0.001% 2.25%0.001%2.25%1365 1365 840,000 919,000 3920,000,000 35 21,962,00011,045,000 142
31 8,595 11,593 136,462 188,128 416 416 690,299 115,908 14,436 10,623 2,285 2,014 850,208 326,668 2,285 2,014 30 3,088 2,869 3160 3,817 1,197 60 1,690 7,527 8,595 11,593 3,401,0003,748,000 657,026,000 83,935,000125,004,000 143
32 21 9,409 26,590 21 (10,533) (12,353) 1,124 14,237 21 (1,442) (1,442) (1,124) (2,566) (1,442) 33 2,500,000,000 0.25 625,000 625,000 1,510,589,673 377,647 14 18,140,433 4,536 1,528,730,106 382,183 14 48,142,044 12,035 1,576,872,150 394,218 144
33 10% 145
34 676,249 4,462 416,395 349 (113) 16,569 (77,396) 2,007,025 3,043,540 2(a) (466) 177,261 176,795 676,249 4,462 416,395 349 (113) 16,569 (77,862) 2,184,286 3,220,335 915,684 915,684 35,436 35,436 3,142 (5,322) 10 12,567 10,397 22,390 22,390 2,000 2,000 2,231 (7,553) (5,322) 5,998 (15,183) (9,185) 684,478 4,462 419,537 349 24,277 11,247 (42,416) 3,089,801 4,191,735 684,478 4,462 419,537 349 24,277 11,247 (42,416) 3,059,226 4,161,160 30,575 30,575 684,478 4,462 419,537 349 24,277 11,247 (42,416) 3,089,801 4,191,735 684,478 4,462 419,537 349 24,277 11,247 (42,362) 2,796,584 3,898,572 2(a) (54) 293,217 293,163 684,478 4,462 419,537 349 24,277 11,247 (42,416) 3,089,801 4,191,735 789,686 789,686 41,702 41,702 1,732 (1,732) 344 344 5,497 5,497 14,665 (30,575) (15,910) 15,802 (28,008) (12,206) 714,945 4,462 421,269 349 29,774 9,515 (370) 3,820,904 5,000,848 714,945 4,462 421,269 349 29,774 9,515 (370) 3,770,444 4,950,388 50,460 50,460 714,945 4,462 421,269 349 29,774 9,515 (370) 3,820,904 5,000,848 146
34 676,249 4,462 249,624 1,133,790 2,064,125 17,918 17,918 2,231 (7,553) (5,322) 5,998 (15,183) (9,185) 684,478 4,462 226,888 1,151,708 2,067,536 684,478 4,462 226,888 1,121,133 2,036,961 30,575 30,575 684,478 4,462 226,888 1,151,708 2,067,536 684,478 4,462 226,888 1,151,708 2,067,536 8,047 8,047 14,665 (30,575) (15,910) 15,802 (28,008) (12,206) 714,945 4,462 168,305 1,159,755 2,047,467 714,945 4,462 168,305 1,109,295 1,997,007 50,460 50,460 714,945 4,462 168,305 1,159,755 2,047,467 1,328,060,000 1,378,596,000 147
35 3,866 1,998 18,267 85,013 22,133 87,011 2,562,615 2,507,550 2,274,542 2,562,615 2,529,683 2,361,553 * 1,153,455 2,258,219 2,085,428 * 1,409,160 249,331 189,114 2,562,615 2,507,550 2,274,542 (162,063) (198,383) (171,831) (973,280) (1,038,000) (162,063) (1,171,663) (1,209,831) 2,400,552 1,335,887 1,064,711 * 4,869,202,0005,133,725,000 / 1,776,160,0001,484,599,000 148
35 162,063 220,516 609,432 444,574 705,420 1,691,250 1,085,700 173,343 2,562,615 2,529,683 0.86%5.85%0.75%5.94% 0.86% 5.85%0.75% 5.94% 2,205,028 2,014,359 154,376 320,818 203,211 190,640 3,866 2,562,615 2,529,683 149
35 2,408,239 2,248,825 154,376 280,858 2,562,615 2,529,683 36 364,892 (1,469) 363,423 2(a) (180,160) 1,469 (178,691) 184,732 184,732 70 70 12 (2,271) (2,271) 182,531 182,531 485,903 (1,092) 484,811 2(a) (303,372) 1,092 (302,280) 182,531 182,531 188 188 12 7,040 7,040 189,759 189,759 150
36 (1,469) (76,013) (77,482) 2(a) 1,469 59,273 60,742 (16,740) (16,740) (5) (5) (1,854) (1,854) (18,599) (18,599) (1,092) (124,046) (125,138) 2(a) 1,092 105,447 106,539 (18,599) (18,599) (3,948) (3,948) (22,547) (22,547) 151
36 183,559 239,936 17,410 440,905 2(a) (239,433) (239,433) 183,559 503 17,410 201,472 4 71 75 / (2,647) 271 1,959 (417) 180,912 778 19,440 201,130 180,912 409,597 19,440 609,949 2(a) (408,819) (408,819) 180,912 778 19,440 201,130 34 62 92 188 5,394 1,594 4,000 10,988 186,340 2,434 23,532 212,306 152
36 1,400,000,0001,606,000,000231,000,000 265,000,000 2,300,0007,900,000 400,0001,300,000 37 38 (a) 508,000 420,947 18,521 23,725 526,521 444,672 153
38 (b) 14,659 11,409 28,627 34,418 43,286 45,827 (c) 85,213 82,226 74,933 71,067 5,305 2,297 165,451 155,590 154
39 35 2,041,240 1,813,999 22(b) 117,000 117,000 193,712 110,505 193,712 110,505 2,158,240 1,930,999 (i) (ii) 840,000919,000 30 155
40 (a) 938,055 1,024,971 (9,136) (7,843) (15) 11,169 10,320 525 485 (488,181) (1,026,695) (2,130) (27,286) (503,742) (499) (32,390) 7,000 2,000 5,000 / 13,700 (3,814) (31,137) (72,644) (46,999) / (357,629) 13,166 / (393,633) (85,851) 4,335 12,405 (256,504) (116,635) (80,392) (40,409) (125,004) 501,048 57,675 (780,423) (206,648) 156
40 (b) 1,536,803 954,772 (840) (20,919) (5,959) (950) (3,866) 1,530,004 929,037 41 44.61% 0.1107,000,000 42 157
43 / / # 50,000,000 57.0 # 160,000,000 57.0 # 20,000,000 57.0 57.0 # 80,000,000 57.0 57.0 # 10,000,000 57.0 57.0 1 2 57.0 57.0 China Policy Limited / 11 100.0 100.0 Chinaculture.com Limited / 11 57.0 57.0 0.20 458,310,965 57.0 57.0 158
43 / / * Chuang s China / 0.05 57.0 57.0 Investments Limited 1,523,328,700 / 0.05 2,000,000 57.0 57.0 Chuang s China Treasury Limited / 11 57.0 57.0 @ 0.25 4,000 100.0 100.0 1 10,300,000 100.0 100.0 1 57.0 57.0 2 10 2 10 100,000 57.0 57.0 10 2 57.0 57.0 1 2 57.0 57.0 159
43 / / 100 2 57.0 57.0 # 50,000,000 57.0 57.0 1 2 57.0 57.0 Chuang s-edelweiss LLC 1 100,000 53.0 10 110,000 100.0 100.0 1 189,231,936 100.0 100.0 # Chuang s Properties 1 100.0 100.0 (Central Plaza) Sdn. Bhd. 5,000,000 @ Chuang s Properties / 1 100.0 100.0 International Limited 10 1 300,000,000 100.0 100.0 160
43 / / Chuang's Properties Mongolia Limited Chuang's Properties Saigon Limited / 11 100.0 100.0 / 1 100.0 100.0 10 1 2 100.0 100.0 Cityprop Company Limited 1 2 100.0 100.0 Distinguished Properties Limited / 11 57.0 57.0 # 135,420,000 57.0 57.0 1 160 57.0 57.0 ^ 1 100 48.5 48.5 1 2 100.0 100.0 161
43 / / 1 2 100.0 100.0 11 100.0 100.0 Fanus Limited / 1 100.0 100.0 100 # Farmtec (Malaysia) Sdn. Bhd. 1 1,000,000 100.0 100.0 General Nominees Limited 10 500 100.0 100.0 ^ Gold Capital Profits Limited / 1 100 42.8 42.8 @ Gold Throne Finance / 11 100.0 100.0 Limited # 60,000,000 57.0 57.0 # 10,000,000 57.0 57.0 162
43 / / ^ # 25,000,000 30.8 30.8 # Ilham Kencana Sdn. Bhd. 1 10,000 100.0 100.0 In House Holdings Limited / 11 57.0 57.0 Income Holdings Limited / 11 100.0 100.0 Jannerson Limited 1 5,000 100.0 100.0 11 100.0 100.0 100 2 100 2 57.0 57.0 Ladona Limited / 1 100.0 100.0 10 163
43 / / 1 3,000,000 100.0 100.0 1 2 100.0 100.0 Mongolia Property 100 100.0 Development LLC 1,000 ^ 1 1,000,000 34.2 34.2 1 2 57.0 57.0 Option Success Limited / 11 100.0 @ Profit Stability Investments / 11 100.0 100.0 Limited 1 2 100.0 100.0 1 2 57.0 57.0 164
43 / / 1 2 57.0 57.0 # 100 88.2 88.2 8,500 1 2 100.0 100.0 1 2 100.0 100.0 Winfred Investment Limited / 2 100.0 100.0 ^ # 75,000,000 33.9 33.9 (1988) 1 57.0 57.0 1,000,000 * @ # ^ 57.0%57.0% 165
44 / / # 1 10 30.0 30.0 *# Midas International / 0.10 44.6 44.2 Holdings Limited 1,103,604,139 1,035,604,139 ^ # Treasure Auctioneer / 1 14.3 14.3 International Limited 1,000,000 1 2 50.0 50.0 * # ^ Treasure Auctioneer International Limited 25%25% 166
1. 100.0% 219 6345 // 100.0% 83 428 440 A440 304305394462443 456455470466 452 37 100.0% A 599 15 100.0% 723 / 57.0% 30-32 410375376 // 100.0% 50250 34 571221 167
1. 57.0% 1 6 57.0% 2. 629144 88.2% 245 57.0% 30.8% 145 168
3. / 100.0% 4,000 111 402475 43,000 395410459 Parkes Residence / 100.0% 4,796 93 105 1510 35,906 ADE C 2 C B 30 50.0% 6070 10,000 40,200 / 100.0% 1,032,000 2148 596,000 / 70.0% 20,300 94,000 70.0% 273 100.0% 12,500 19,700 The Edelweiss Residence 53.0% 5,600 41,000 Chuang s Tower 100.0% 3,272 Chinggis Avenue 37,675 169
3. 57.0% 29,860 36,658 254 57.0% 93,170 197,500 57.0% 91,987 158,300 57.0% 30,242 2,535 256 57.0% 23,775 44,410 175 57.0% 9,500 60,000 57.0% 158,576 360,000 170
3. 57.0% 16,400 479 57.0% 54,408 190,000 30.8% 95,948 20,286 / 30.8% 10,200 57.0% 280,000 535,000 / 57.0% 11,000 110,000 / 57.0% 39,500 390,000 / 33.9% 27,574 18,000 / 29.1% 30,000 171
719,873 472,453 283,456 560,887 382,785 / 214,866 468,889 (273,828) 915,684 789,686 / 14.47 31.66 (18.30) 60.45 51.20 0.75 1.50 1.00 1.00 1.80 0.50 1.00 2.00 0.50 2.00 3.20 2.25 3.50 1.50 3.00 5.00 4,370,287 4,290,236 4,102,076 4,936,671 5,202,504 1,592,367 3,065,879 3,173,402 3,632,098 4,895,714 5,962,654 7,356,115 7,275,478 8,568,769 10,098,218 (2,104,541) (2,755,712) (2,860,859) (3,135,472) (3,750,536) (615,952) (865,767) (816,637) (859,379) (952,616) 3,242,161 3,734,636 3,597,982 4,573,918 5,395,066 2.19 2.51 2.38 2.99 3.42 1,039.9 1,280.1 1,187.6 1,001.5 1,788.9 @ 1,353.8 1,929.1 2,361.6 2,529.7 2,562.6 (%) 9.7 17.4 32.6 33.4 14.3 @ 12 172
Chuang s Consortium International Limited 1. 2. 3. 4. 5. (A) (a) (b) 0.25 (b) (a) (c) (i) (ii) (iii) 173
(B) (a) (c) (b) (a) (c) (a) (i) (ii) // (iii) (iv) (v) 174
(d) (i) (ii) (iii) (C) 5(A)5(B)5(B) 5(A) 175
6. Chuang s Consortium International Limited 1. 2. 48 1825 3. 28 26 4. 3.2 5. 28 26 6. 35 176
1825 www.chuangs-consortium.com